ReElement enters $1.4B partnership with U.S. Department of War

American Resources (AREC)’ ReElement Technologies announced a joint partnership of $1.4 billion with the U.S Department of War’s Office of Strategic Capital. The funding supports the expansion of ReElement’s partnership with Vulcan Elements to scale a 100% vertically integrated, domestic rare earth magnet supply chain. The OSC commitment includes two separate loans, matched by private capital: $620 million to Vulcan Elements and $80 million to ReElement Technologies. These loans will directly support the production of advanced rare earth element separation, metallization, and magnet manufacturing capabilities in the United States. With the increased manufacturing and processing capabilities enabled by OSC’s loans, Vulcan Elements and ReElement will collectively scale to 10,000 metric tonnes of NdFeB magnet production capability, thereby significantly reducing the U.S. NdFeB magnet supply chain gap. In conjunction with the loan commitment, the U.S. Department of War will receive warrants in ReElement Technologies Corporation. The funding for OSC’s loans comes from the One Big Beautiful Bill Act, passed by Congress and signed by President Trump in July 2025. The Act provides up to $100 billion in total OSC lending authority specifically for critical minerals production and related industries and projects.